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AS Level Microeconomics > LS4- Positive and Normative Economics > Flashcards

LS4- Positive and Normative Economics Flashcards

1
Q

Positive economic statements

A

Can be proven true or false- backed up by observations/data
- objective statements

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2
Q

Normative economic statements

A
  • expression of opinions
  • cant be proven true or false
  • subjective statements
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AS Level Microeconomics (22 decks)

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